With HYPE breaking through $48, the sixth largest short seller of HYPE has already incurred a paper loss of $1.989 million.

CoinFeed reported on May 20 that, according to on-chain analyst Ai Yi, HYPE broke through $48. Since May 15, a major holder who shorted 375,000 HYPE tokens has suffered a floating loss of $1.989 million. The current position size is $18.19 million, making it the sixth largest short position in HYPE, with an average entry price of $43.298.